Strategic investment by Growth Capital Partners (GCP)

Indigo Telecom Group Ltd announces the completion of a strategic investment by Growth Capital Partners (GCP) in order to accelerate growth and M&A activity.

We are delighted to announce our partnership with GCP with the aim of expanding our portfolio of telecom full lifecycle services.

Our heritage can be traced back to 1997 and following a management buyout led by CEO Stephen Thompson in 2016, the business initiated an M&A strategy with our first acquisition Belcom247, a specialist provider of data centre connectivity solutions. Today, Indigo can boast a wide range of telecom services for an array of global blue-chip customers. In May 2018 our new Global Support Centre at our HQ in Magor South Wales was opened by The Secretary of State for Wales Rt Hon Alun Cairns MP, further cementing our position in the Welsh economy.

Stephen Thompson, Group CEO of Indigo Telecom Group, commented:

“I am delighted that GCP has become a major investor in our business and we look forward to working in partnership with them in order to help Indigo continue to develop and grow. GCP has an excellent reputation for supporting UK SME businesses with their international growth plans, and we welcome their support, experience and enthusiasm. It was clear from our early meetings with the GCP team that they fully understood and were supportive of our ambitious plans for growth including a number of future strategic acquisitions to complement and expand our global services portfolio.”

Richard Shaw, Partner GCP commented:

“Indigo has a long track record of exceptional delivery and differentiation through its commitment to flexible customer service, breadth of service offering and its wide geographic footprint. This enables the group to provide critical infrastructure support to an impressive roster of international network operators and technology enterprises, who rely on their high-quality managed services capabilities. We are delighted to be partnering with the Indigo team and look forward to supporting the next phase of accelerated growth.”

The Shareholders received corporate finance advice from Jon Edirmanasinghe, John Farrugia and Mike Dinsdale of Cavendish Corporate Finance LLP with legal advice being provided by Peter McLintock and Junaid Haroon of Mills & Reeve LLP.